Nature of stamp duty paid in relation to the leased business ...

Case Laws Income Tax

July 8, 2020

Nature of stamp duty paid in relation to the leased business premises - Revenue or capital expenditure - lease was for a period of 10 years - The same is not a deferred revenue expenditure - AO directed to allow the stamp duty charges paid by the assessee as an expenditure for the current year holding it to be revenue expenditure in nature allowable u/s 37(1).

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Nature of stamp duty paid in relation to the leased business ...

Case Laws Income Tax

July 8, 2020

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